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High income corporate management rights business in heart of South Brisbane

$2,272,000

South Brisbane, Queensland

High income corporate management rights business in heart of South Brisbane

South Brisbane, QLD - $2,272,000

Net income: $370,000
Remuneration: $53,056
Letting pool: 36
Business price: $1,702,000
Manager unit: $570,000

Don’t miss the opportunity to buy this high income business! The apartment building is perfectly located in South Brisbane and within West End State School and Brisbane State High School catchment area. All amenities are within walking distance. Two buildings have very easy caretaking workload. There are no leaseback agreements within the letting pool.

Features

Business Snapshot

  • Price: $2,272,000
  • Net Profit: $370,000

Managers Unit

  • Value of Managers Apartment: $570,000
  • Bedrooms: 2
  • Bathrooms: 2
  • Office: On Title

Complex Information

  • Complex Type: Permanent
  • Total Units in Complex: 50
  • Total Units in Letting Pool: 36
  • Holiday Units: 36
  • Agreement Term Remaining: 21 years

Other Features / Notes

0

Business Links / Tools

Last updated: 7th March 2019

Summary

Property Type
Business
Contract Type
For Sale
Location
 South Brisbane
State
 Queensland
Price
$2,272,000
Category
  • Management Rights

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Agency

Contact

Robert Lin 0433000888